Latest - Fletcher Building has announced a number of changes to its senior team.
The chief executive of the company's Building Products business - Michelle Kernahan - is leaving at the end of of July, to take up the chief executive role at the transport business Hall's group.
Also leaving is the chief information officer - John Bell - he's retiring in the second half of the year.
The company said the search for replacements was underway.
Serco posts another annual loss
The formerly Serco-run Mt Eden Prison. Photo: RNZ / Diego Opatowski
The prison operator has posted a loss of $1.2 million after writing off its Mount Eden prison contract.
Its operating expenses increased to $7m, up from $5.6m the year before.
Serco is owned by a British company - its local subsidiary has a government contract to operate the high-security men's prison and Auckland South Corrections Facility for 25 years.
It had an agreement to operate Mount Eden prison, but it was stripped of it in 2017 after allegations of inmate fighting and understaffing came to light.
Serco operates prisons in Australia, as well as an air base in Dubai, hospitals, carparks and tunnels in Hong Kong.
US-China trade dispute hanging in the balance
The chances of a settlement in the protracted US-China trade dispute hang in the balance after President Donald Trump publicly threatened to increase tariffs on $200 billion worth of Chinese goods at the end of the week.
A Chinese team is about to head to the US to resume talks tomorrow and there have been suggestions a deal is close to being reached.
But the Mr Trump threats upset financial markets around the world, and in the past few hours there have been new allegations the Chinese have tried to renege on previous undertakings.
Wall Street opened significantly lower, down more than 1 percent at one stage, but clawed back much of the losses to close between a quarter and half a percent lower.
